The U.S. dollar strengthened against the other major currencies in the late Asian session on Wednesday.
The U.S. dollar rose to 1.0611 against the euro, 1.5062 against the pound and 123.09 against the yen, from yesterday's closing quotes of 1.0632, 1.5080 and 122.86, respectively.
The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Wednesday.
Against the greenback, the ringgit rose to a 6-day high of 4.2230 from yesterday's closing value of 4.2300.
If the ringgit extends its uptrend, it is likely to find resistance around the 4.18 area.
Antipodean currencies such as the Australian and the New Zealand dollars weakened against the other major counterparts in the Asian session on Wednesday, as investors treaded cautiously after data released overnight showed an unexpected contraction in U.S. manufacturing activity.
Investors also turned...
The New Zealand dollar weakened against the other major currencies in the Asian session on Wednesday.
The NZ dollar fell to a 2-day low of 1.0992 against the Australian dollar, from yesterday's closing value of 1.0960.
Against the U.S. dollar, the yen and the euro, the kiwi dropped to 0.6653,...
The Australian dollar retreated from early highs against the other major currencies in the Asian session on Wednesday.
The Australian dollar fell to 0.7307 against the U.S. dollar, 89.81 against the yen and 1.4535 against the euro, from an early near 2-month high of 0.7342, nearly a 3-1/2-month high...
The dollar is retreating against the Euro Tuesday, after it reached over a 7-month high against it during Monday's session. The U.S. currency is also trading lower against the British pound and the Japanese Yen.
Global economic data has been largely positive Tuesday, with the notable exception of...
The Canadian dollar declined against its major rivals in early New York deals on Tuesday, as the economy contracted unexpectedly in September.
Data from Statistics Canada showed that the economic growth fell 0.5 percent on month in September, contradicting expectations for a flat growth.
After the release of Canada GDP data for September at 8:30 am ET Tuesday, the loonie weakened against the other major currencies.
The loonie was trading at 1.3376 against the greenback, 185.48 against the yen, 0.7038 against the euro and 0.9745 against the aussie around 8:33 am ET.
Statistics Canada is set to release GDP data for September at 8:30 am ET Tuesday. The economy is expected to grew by 0.1 percent on month, matching the pace of growth recorded a month earlier.
Ahead of the data, the loonie showed performance against the other major currencies. While the loonie held...
The Canadian dollar strengthened against its most major rivals in European deals on Tuesday, as oil prices edged up ahead of the OPEC meeting due later this week to discuss oil production levels.
Crude for January delivery rose $0.11 to $41.76 per barrel.
The Organization of the Petroleum Exporting...
The euro strengthened against the other major currencies in the early European session on Tuesday, as data showed that Eurozone manufacturing growth rose to a 19-month high in November and Germany's unemployment rate decreased to a record low.
Data from Markit showed that Eurozone's final manufacturing...
At 5:00 am ET Tuesday, Eurostat released euro area unemployment figures for October.
After the data, the euro changed little against its major rivals.
As of 5:01 am ET, the euro was trading at 0.7022 against the pound, 1.0589 against the U.S. dollar, 1.0896 against the Swiss franc and 130.40 against the yen.
At 5:00 am ET Tuesday, Eurostat releases euro area unemployment figures for October. The jobless rate is expected to be at 10.8 percent in October, unchanged from September.
Ahead of the data, the euro extended early rise against its major rivals.
As of 4:55 am ET, the euro was trading at 0.7024...
Following the release of U.K. CIPS/Markit PMI data for November at 4:30 am ET Tuesday, the pound eased from its early highs against its major opponents.
The pound was trading at 1.5086 against the greenback, 185.71 against the yen, 1.5511 against the franc and 1.5513 against the euro around 4:35 am ET.
The pound climbed against most major currencies in early European deals on Tuesday, after the Bank of England said that all seven largest lenders in the U.K. passed the stress test, indicating that the banking system has enough capital to support the real economy in a severe global stress scenario.